Can I retire at age 51 with 658,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$54,337$53,853$53,381$52,920$52,470$51,643
2 years$26,900$26,399$25,913$25,442$24,986$24,155
3 years$17,755$17,252$16,767$16,301$15,852$15,043
4 years$13,183$12,682$12,202$11,744$11,306$10,525
5 years$10,441$9,943$9,470$9,021$8,594$7,844
6 years$8,614$8,119$7,653$7,214$6,800$6,081
7 years$7,309$6,818$6,360$5,931$5,531$4,843
8 years$6,331$5,845$5,393$4,975$4,588$3,931
9 years$5,570$5,089$4,645$4,238$3,864$3,238
10 years$4,962$4,485$4,050$3,653$3,292$2,697
11 years$4,465$3,993$3,565$3,179$2,831$2,266
12 years$4,051$3,584$3,164$2,789$2,454$1,917
13 years$3,701$3,239$2,827$2,462$2,140$1,631
14 years$3,402$2,944$2,540$2,185$1,876$1,395
15 years$3,142$2,689$2,293$1,949$1,651$1,197
16 years$2,915$2,468$2,079$1,745$1,460$1,031
17 years$2,715$2,273$1,892$1,568$1,294$890
18 years$2,538$2,100$1,727$1,413$1,151$771
19 years$2,379$1,946$1,581$1,277$1,026$669
20 years$2,236$1,808$1,451$1,156$916$581
21 years$2,107$1,685$1,335$1,050$820$505
22 years$1,990$1,572$1,230$954$735$440
23 years$1,884$1,471$1,136$869$660$384
24 years$1,786$1,378$1,050$793$593$335
25 years$1,696$1,293$973$724$534$293
26 years$1,614$1,215$902$662$481$256
27 years$1,537$1,144$838$606$433$224
28 years$1,467$1,078$779$555$391$196
29 years$1,401$1,017$725$509$353$172
30 years$1,339$960$675$467$319$151
31 years$1,282$908$629$429$288$132
32 years$1,229$859$587$394$261$116
33 years$1,178$813$548$363$236$101
34 years$1,131$771$512$334$214$89
35 years$1,087$731$479$307$194$78
36 years$1,045$694$448$283$175$69
37 years$1,006$659$419$261$159$60
38 years$968$626$393$240$144$53
39 years$933$596$368$221$131$46
40 years$900$567$345$204$119$41
41 years$868$539$323$188$108$36
42 years$838$514$303$174$98$31
43 years$809$490$285$161$89$28
44 years$782$467$267$148$80$24
45 years$756$445$251$137$73$21
46 years$731$424$236$126$66$19
47 years$707$405$221$117$60$16
48 years$685$387$208$108$55$14
49 years$663$369$196$100$50$13
50 years$642$353$184$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $658,000, adding $5,445 every year, while hoping to spend $40,634 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/8/29 Blend
50$658,000$658,000$658,000$658,000
51$730,733$695,859$685,660$770,780
52$762,033$686,721$665,395$789,475
53$795,164$675,775$643,089$804,979
54$830,270$662,887$618,632$821,049
55$867,508$647,918$591,906$837,748
56$907,049$630,721$562,790$855,147
57$949,081$611,140$531,158$873,325
58$993,811$589,010$496,875$892,370
59$1,041,463$564,154$459,803$912,384
60$1,092,283$536,388$419,797$933,477
61$1,146,541$505,517$376,706$955,777
62$1,204,533$471,332$330,370$979,423
63$1,266,583$433,615$280,626$1,004,572
64$1,333,047$392,135$227,299$1,031,400
65$1,404,314$346,646$170,210$1,060,104
66$1,480,813$296,890$109,170$1,090,903
67$1,563,012$242,593$43,983$1,124,040
68$1,651,426$183,468$0$1,159,788
69$1,746,622$119,208$0$1,206,366
70$1,849,221$49,492$0$1,271,233
71$1,959,904$0$0$1,341,212
72$2,079,422$0$0$1,419,081
73$2,208,599$0$0$1,507,989
74$2,348,340$0$0$1,604,207
75$2,499,640$0$0$1,708,424
76$2,663,593$0$0$1,821,401
77$2,841,402$0$0$1,943,970
78$3,034,391$0$0$2,077,051
79$3,244,015$0$0$2,221,651
80$3,471,874$0$0$2,378,883
81$3,719,729$0$0$2,549,966
82$3,989,517$0$0$2,736,246
83$4,283,371$0$0$2,939,201
84$4,603,636$0$0$3,160,459
85$4,952,894$0$0$3,401,812
86$5,333,986$0$0$3,665,230
87$5,750,041$0$0$3,952,885
88$6,204,500$0$0$4,267,165
89$6,701,156$0$0$4,610,701
90$7,244,179$0$0$4,986,389
91$7,838,165$0$0$5,397,417
92$8,488,173$0$0$5,847,296
93$9,199,773$0$0$6,339,892
94$9,979,100$0$0$6,879,461
95$10,832,907$0$0$7,470,694
96$11,768,635$0$0$8,118,752
97$12,794,476$0$0$8,829,323
98$13,919,454$0$0$9,608,669
99$15,153,509$0$0$10,463,690
100$16,507,586$0$0$11,401,983